Fred Bowden

With an international client portfolio predominantly across the tech, energy and pulp and paper industries, the firm is one of the last remaining independent makers of paper watermarking machinery, in the UK.

Headquartered at Stoneywood Park in Dyce and employee-owned since 2002, Woollard & Henry employs a team of 55 and with support from Royal Bank, has expanded with additional facilities in Germany and Poland.

Fred Bowden, managing director at Woollard & Henry, said: “Like all other firms, we have found the last 12 months challenging but as restrictions start to ease, we’re confident that business levels will resume to, if not exceed, pre-Covid levels.

“Our history in Aberdeen dates back to 1873 and we’re very proud of the extensive and innovative products that we have developed over this period. We now supply equipment to 24 of the world’s 28 bank note manufacturers – an achievement we owe to the commitment and skill of our valued team.

“The support and funding from Royal Bank of Scotland has been invaluable as we press ahead with an exciting new chapter at Woollard & Henry, with a fruitful new business pipeline set to drive more activity for the firm.”

Last year, Woollard & Henry was awarded The Queen’s Award for International Trade 2020 – a testament to the firm’s level of excellence within the sector.

David Snell, senior relationship manager at RBS, added: “It has been highly rewarding to work with Fred and his team. It is evident that they are very passionate about the top-class service and products they provide. We’re looking forward to continuing our relationship with the team and wish them the very best in the future.”